Denmark Inflation

Denmark: Inflation drops to lowest rate on record in July

August 12, 2013

In July, consumer prices dropped 0.3% over the previous month (June: -0.1%). According to Statistics Denmark (DST), the print reflects lower prices for clothing and footwear, as well as for recreation and culture.

Annual headline inflation contracted, falling from 0.9% in June to 0.6% in July, which marked the weakest level since records began in 1967. Annual average inflation fell from 1.7% in June to 1.5% in July. HICP inflation (based on the harmonized index of consumer prices) fell from 0.6% in June to 0.4% in July, while annual average HICP, inched down from 1.5% in June to 1.4% in July.

The Central Bank expects HICP inflation to reach 0.8% this year and 1.9% in 2014. FocusEconomics Consensus Forecast panellists expect inflation to average 1.8% in 2013. For 2014, panellists expect inflation to average 1.9%.

Author:,

Sample Report

Looking for forecasts related to Inflation in Denmark? Download a sample report now.

According to the latest national accounts data released on 30 November by Statistics Denmark, the economy gained traction in the third quarter, after registering weak growth in the first two quarters of the year.

According to a survey conducted by Statistics Denmark, business confidence among firms in the industrial sector ticked up to minus 1 point in November from minus 2 points in October, remaining below the zero-point threshold that separates optimism from pessimism in the sector.
The slight improvement in industrial business sentiment was driven by firms’ greater confidence in the production outlook.

Sign up for our newsletter

Cookies Policy: We use third-party cookies to improve our services by analyzing your browsing habits.
By continuing to use this website you are giving consent to cookies being used. For more information on cookies and how you can disable them, see our "Cookies Policy".
Close